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DES MOINES, Iowa--(BUSINESS WIRE)--The 2014 Principal Charity Classic generated a record $1,367,749 for
Central Iowa children’s charities, bringing the total donations raised
from the PGA TOUR’s Champions Tour tournament, sponsored by the
Principal Financial Group® and presented by Wells
Fargo, to over $6.3 million. This is the fifth consecutive year the
tournament broke the previous year’s record for dollars raised for
charity.

“The Principal Charity Classic is number one on the Champions Tour in
tournament-generated proceeds to charity for the fourth year in a row.
We’re very grateful to our 308 sponsors, the 81 Champions Tour players
who participated in this year’s tournament, the more than 74,000 fans
who attended and the 1,200-plus volunteers who helped make this
possible,” said Larry Zimpleman, chairman, president and CEO, The
Principal®.

“Wells Fargo is incredibly proud to be a part of The Principal Charity
Classic, which does so much good for so many kids,” said Dan Abbott,
president of Retail Services, Wells Fargo. “The event is also a big
boost to the Des Moines area, bringing in more than $20 million in
economic impact and providing a fun event for all ages.”

Donations from the 2014 tournament will be distributed to five “FORE
Our Kids” charities, as well as 130 Birdies
for Charity organizations. The five “FORE Our Kids” charities are:

Blank Children’s Hospital

BRAVO Greater Des Moines

The Community Foundation of Greater Des Moines (tournament host
organization)

United Way of Central Iowa

Variety—the Children’s Charity of Iowa

The PGA TOUR and an Iowa State University study estimate the tournament
generates an economic impact of $20.8 million annually for the region,
including increased business for area hotels, restaurants, shopping
establishments and other entertainment venues. The event also showcases
Des Moines to a national television audience.

About The Principal Charity ClassicThe Principal Charity
Classic is an annual Champions Tour event. The Community Foundation of
Greater Des Moines plays host to the event, which is focused on
philanthropic giving for designated “FORE Our Kids” charities. The 2015
Principal Charity Classic tournament will be played June 1 - June 7 at
Wakonda Club in Des Moines, Iowa. For more information on the charities
and the tournament, visit http://www.principalcharityclassic.com,
or connect with the tournament on Facebook
or Twitter

About the Principal Financial GroupThe Principal Financial
Group® (The Principal®)1 is a global
investment management leader offering retirement services, insurance
solutions and asset management. The Principal offers businesses,
individuals and institutional clients a wide range of financial products
and services, including retirement, asset management and insurance
through its diverse family of financial services companies. Founded in
1879 and a member of the FORTUNE 500®, the Principal
Financial Group has $517.9 billion in assets under management2 and
serves some 19.4 million customers worldwide from offices in Asia,
Australia, Europe, Latin America and the United States. Principal
Financial Group, Inc. is traded on the New York Stock Exchange under the
ticker symbol PFG. For more information, visit www.principal.com.

About The Champions TourCollectively, the Champions Tour
has the most recognizable and accomplished players in the game, with
many of its 32 members in the World Golf Hall of Fame competing
regularly in its events. The Tour also counts numerous other major
championship winners among its members. The Champions Tour is a
membership organization of professional golfers age 50 and older.
Conceived in 1980 as the Senior PGA Tour, it started with just four
events and purses totaling $475,000. The Champions Tour's primary
purpose is to provide financial opportunities for its players, entertain
and inspire its fans, deliver substantial value to its partners, create
outlets for volunteers to give back, protect the integrity of the game
and generate significant charitable and economic impact in communities
in which it plays. Points earned in official Charles Schwab Cup events
in 2013 determined Kenny Perry as the Charles Schwab Cup champion, the
season-long competition designed to recognize the Champions Tour’s
leading player. The Commissioner of the PGA TOUR is Tim Finchem. Mike
Stevens is President of the Champions Tour. The PGA TOUR’s website is pgatour.com,
the No. 1 site in golf, and the organization is headquartered in Ponte
Vedra Beach, Fla. Follow the Champions Tour at facebook.com/ChampionsTour
and on Twitter @ChampionsTour.

1 “The Principal Financial Group” and “The Principal” are
registered service marks of Principal Financial Services, Inc., a member
of the Principal Financial Group.